Good, get rid of the mortgage interest deduction. One more market distortion removed from the American economy.
I could see this...after every single corporate handout has been repaid with interest. Every industry, every bank, every wall street firm, every farmer, every energy company, every airline...
I agree they should get rid of all market distortions and social engineering which is a misuse of the tax system, but this is not the best time toend mortgage deduction it should have some type of grandfather or take effect in the future to soften the blows already absorbed by the housing market.
Fair Tax is probably the fairest way to go and its not perfect. Take the power away from congress and lobbyist’s and tax everyone equally. Power to the people.